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Parametric payout to support Morocco quake rebuild: AM Best   – Insurance News

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The financial impact from the Morocco quake is expected to be “manageable” and is likely to trigger a maximum payout of $US270 million ($342 million) from a parametric cover that has been in place since 2020, AM Best says in a report.  In January 2020 Morocco enhanced its disaster risk management through the National Catastrophic … Read more

AMA says capital raising receives ‘strong support’  – Insurance News

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Smash repairer AMA Group says a fully underwritten share placement and institutional entitlement offer to raise $55 million has received strong support.  The new shares offered under the equity raising will be issued at a price of 7.5 cents each, which represents a 37.5% discount to last traded price of 12 cents on Wednesday August … Read more